Chile steel plant reopens as tariffs imposed on Chinese imports

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Chile's biggest steel plant has resumed activities after the government imposed a temporary tariff on Chinese imports. Then on Saturday, Chile's finance ministry imposed a temporary tariff ranging from 25 percent to 34 percent on Chinese steel imports.

The Huachipato plant, which provides 2,700 direct jobs and some 20,000 indirect ones, announced a month ago it was winding down, unable to compete with Chinese steel that sells for about 40 percent cheaper in the South American country.

The commission in a recent ruling found"sufficient evidence to support the existence of dumping" -- the selling of Chinese steel below cost.

 

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